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SLAM Acquires Gold Claim With Float Up To 302.5 g/t Gold
New Gold Claim Adjacent to Slam's Jake Lee Gold Project MIRAMICHI, NB / ACCESS Newswire / ...
About this update from Slam Exploration Ltd.
[{"type":"text","content":"SLAM Acquires Gold Claim With Float Up To 302.5 g/t GoldNew Gold Claim Adjacent to Slam's Jake Lee Gold Project MIRAMICHI, NB / ACCESS Newswire / March 27, 2025 / SLAM Exploration Ltd. (TSXV:SXL) (\"SLAM\" or the \"Company\") is pleased to announce it has signed an agreement to acquire mineral rights for the 2640 hectare Love Lake gold claim where previous workers reported quartz float grading up to 302.5 grams per tonne (\"g/t) gold. The claim is adjacent to Slam's wholly-owned Jake Lee gold project where Slam has discovered quartz float grading up to 39.3 g/t gold and gold-bearing soil samples up to 980 ppb gold.Highlights of exploration results reported by previous workers and by Slam are as follows:Visible gold in quartz boulders grading up to 302.5 g/t gold (Reference 1 below);One soil sample grading 10,000 parts per billion (\"ppb\") gold previously reported by Magna Terra Minerals Inc. (Reference 2) and shown below on Figure 1;Fifty four (54) soil samples grading from 20 ppb to 256 ppb gold (Reference 2);Two hundred and twenty (220) soil samples grading from 10 ppb to 19 ppb gold (Reference 2);Slam has detected similar gold bearing soil samples up to 980 ppb gold (Reference 3) on its wholly owned Jake Lee claims as shown on Figures 1 and 2;Slam has discovered gold boulders grading up to 39.3 g/t gold (Reference 3) on its wholly owned Jake Lee claims as shown on Figure 2;These gold occurrences trace out a gold system in soils, boulders and outcrop that trends easterly for 13,000 meters from the Edge 16 gold occurrence on Figure 1 to the CT vein on Figure 2. The pattern of soil anomalies suggests the gold may be associated with a set of northwest-trending structures.The geological setting is similar to the nearby Clarence Stream Deposit where Galway Metals Inc. currently has NI43-101 compliant Indicated Mineral Resources of 922,000 ounces of gold and Inferred Mineral Resources of 1,334,000 ounces of gold. It should be noted that the presence of gold in this deposit nearby may not apply to the Love Lake or the Jake Lee claims.Figure 1 Jake Lee - Love Lake West - Gold Soil Grids - Gold Float Slam intends to commence the 2025 exploration program at Jake lee and Love Lake as soon as to weather conditions permit. The program will begin with prospecting on multiple gold soil targets grading up to 10,000 ppb on the Love Lake claim...